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“# 70% of Jamaica population to adopt CBDC in 5 years, prime minister says ” Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bank successfully completed the first pilot test in early January. Following the tests, the country’s prime minister, Andrew Holness, has spoken confidently about CBDC…
“# CBDCs and stablecoins: EY advises banks to ‘prepare for what’s coming’ ” Big Four accounting firm Ernst & Young has recommended that banks should change their regulatory perimeter to address the oncoming launches of state-backed central bank digital currencies (CBDC) and private stablecoins. EY’s “2022 Global Regulatory Outlook” highlighted the need for a policy…
“# Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase ” Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what…
“# AI-generative art predicted to be next trend for NFT sector ” Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie’s reporting over $93 million in nonfungible token sales…
“# 22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea ” An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace. Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images…
“# Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Despite the market printing bearish numbers for a second consecutive week, the industry is not short of bullish fundamental news. Read on to hear about the most impactful DeFi stories of the last…
“# Hong Kong begins discussions to introduce stablecoin regulatory framework ” Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24. HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the…
“# Altcoin Roundup: 3 ways blockchain technology could further mainstream in 2022 ” 2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more…
“# Stacks ecosystem becomes #1 Web3 project on Bitcoin ” On the first anniversary of the launch of Stacks blockchain (STX), which seeks to make Bitcoin (BTC) programmable, the network achieved over 350 million monthly API requests, 40,000 Hiro (development tool for Stacks to build applications on Bitcoin) wallet downloads, and 2,500 Clarity smart contracts….
“# CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues ” A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to the Binance Smart Chain (BNB), Solana…